this post was submitted on 18 Mar 2025
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[–] buzz86us@lemmy.world 21 points 2 months ago (2 children)

Because crypto miners ruined gaming top end GPUs used to be $300 Max, now were looking in the thousands to have the best GPU for like 6 months, and you can't buy a used one because it could be a clapped out card used in a crypto miner

[–] pdqcp@lemmy.dbzer0.com 13 points 2 months ago* (last edited 2 months ago) (2 children)

Bitcoin switched to industrial ASICs a long time ago, and Ethereum has completely moved away from proof-of-work mining in 2022, see: https://ethereum.org/en/roadmap/merge/

The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

GPU mining is pretty much completely dead because after Ethereum switched the yields on everything else tanked, no one mines with GPUs anymore, at least not for any major blockchain. GPUs are mainly being used with AI now

[–] buddascrayon@lemmy.world 10 points 2 months ago* (last edited 2 months ago) (1 children)

That doesn't mean that their effect on the GPU market will up and vanish overnight. Market correction doesn't usually go down as fast as it goes up.

Edit: add to that the tariff situation and the standoff with China and Taiwan (where all the processors for gpus are made), and you have a situation where things are just going to get more expensive no matter what.

[–] frezik@midwest.social 13 points 2 months ago

It's AI at this point. Nvidia considers the gamer division to be vestigial. They were a $700B market cap company that was primarily known for gaming GPUs. They are now quadruple that with AI, and that's even with some recent hits to their stock price.

[–] partial_accumen@lemmy.world 4 points 2 months ago (3 children)

The Merge was executed on September 15, 2022. This completed Ethereum’s transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

I don't follow crypto trends so I hadn't heard about this either.

I had to look up proof-of-stake, and for Ethereum apparently is required to stake 32 coins to operate a node. Another google search shows me a single Ethereum coin is just north of $2k USD. So someone mining Etherium today needs to have more than $64k if Etherium to even run a node now?!

[–] Croquette@sh.itjust.works 3 points 2 months ago (1 children)

Pay to play baby! Let's reinvent the banking system by doing the same exact shit.

[–] pdqcp@lemmy.dbzer0.com 1 points 2 months ago

Not really to be honest, the power is in the decentralization, permissionless and opensource nature of the system. You can't get that out of the traditional system

Of course not all networks are the same and there are always shit ones out there that compromise on those tenets, but if you do your due dilligence, you will see there is value in some of them

[–] pdqcp@lemmy.dbzer0.com 2 points 2 months ago

No, not really, you can start staking with as many as you want, see pooled staking: https://ethereum.org/en/staking/pools/

Staking pools are a collaborative approach to allow many with smaller amounts of ETH to obtain the 32 ETH required to activate a set of validator keys

You earn rewards proportional to the amount you stake

You only need 32 ETH to stake if you want to solo stake / home stake and you don't pool resources with anyone else, see https://ethereum.org/en/staking/solo/

[–] Bristingr@lemm.ee 1 points 2 months ago

It was 4k per coin. Source: me as I cry with my 2 ETH. 😭

[–] GoodEye8@lemm.ee 7 points 2 months ago (2 children)

I don't think it's even necessarily that the GPU pricing has ballooned. I think the main reason is that that every new game has to compete with pretty much every other game ever made. For example I enjoyed Death Stranding and I am interested in Death Stranding 2, but I'm probably not getting in on launch because there's a big chance I'll probably start playing Stardew Valley for the n'th time, because I feel like that's what I want to play. I'll probably play DS2 when I get the Kojima itch.

[–] Croquette@sh.itjust.works 3 points 2 months ago

IMO, GPU prices have an impact. Modern gaming has a bad habit of not optimizing games relying on people getting newer GPUs for performance.

Mix that with the pre-order/early access monetization, and we are to a point where games have made their money before release, and beans counters don't want to put money in QA because there is no quantifiable ROI (there is a ROI, but it is hard to quantify), which is a no-no in their world.

Indie games have a tendancy to be less GPU demanding, and thus, usually have a better performance experience

[–] ipkpjersi@lemmy.ml 1 points 2 months ago

Yep, that's the thing. Games have to be bigger, better, more fun than ever before, and yet the publishers and management want it to be done quicker and quicker than ever before, so it's a pretty difficult thing. That, combined with bad working conditions and the public shitting on you because "game devs are shitty/greedy/etc" with developers being used coloquially to absorb all the blame that should be reserved for management, and things are in a pretty tough spot.

Though, at the same time, it's a better time now than ever before to actually be a gamer, because not only can you play any half-decent new games, but you can also play the entire library of older games, retro games, etc.